10 Most Expensive Cities to Buy Property

2) London, UK

Average Price: $20,505 per square meter

London is the capital city of United Kingdom. Besides its fastest growing nature, London is one favorite hotspot for luxury property buyers. After the formation of new government, the interest rates on property have got little relaxation which attracts potential buyers to buy property. Moreover, the rent on properties can be agreed freely by both the landlords and the tenants. Also, the landlords have an option where they can ask the tenants to leave on a notice period of two months, which is applicable after six months of their stay. The growing demand of luxury real estate and relaxed taxation laws, makes London one of the most expensive cities to buy property. The most sought after location in London are One Hyde Park and Kensington Palace Gardens, which houses billionaires like Lakshmi Mittal, Roman Abramovich etc.